A YoungMoney a recent survey. The COM found that only 24 percent of people think they have a decent knowledge of personal finance. This 2008 $ tart-hop review of personal financial literacy, found that high school students in association of financial education is the lowest level since Jump $ tart, has been the test management. The Jump $ tart in the eleven years of financial knowledge test was in 2008, received the worst scores. In 1997, the average score of 57. 3 percentage points, 51. 9 percent in 2000, 50. 2%, in 2002, 52. In the 3 percent in 2004 and 2006 the average rose to 52. Before 4% down to only 48. 3 percent in 2008.
However, 62 percent of the students correctly answered a reporter's question. Score also increased, in school classes: freshman year in college saw the 59% points, while the university students in higher grades and 65 per cent of the correct answers. On the negative side, only 25 per cent of young people graduating from college, let us assume that 75 percent of young American adults can not have the financial knowledge and worse, may not appear to buy. Not everyone has the advantages of college, but everyone needs a solid foundation in personal finance.
The university is a great place to learn skills and financial practices. This is often the first opportunity for young people to make important financial decisions. College of experience in real-life budget, consumption, need to live in their own everything. Most young people to learn these basic skills, and must establish a financial knowledge and security laid the foundation for a lifetime. However, for many people, also means that an important university in student loan and credit cards. Iowa State University, according to a survey, an average of three student credit cards, the majority of respondents report of its investigation, said: "They do not like to spend real money, use credit cards or student loan fund."
The results of the Jump $ tart's 2008 review also found that participants who adopted a money management classes and failed to do so than anyone else did not take a group of people better. In fact, the best test scores jump $ pie ", has been college students, who play the stock market since high school."
YoungMoney. Of the COM, and provides the stock market game, to see it from 800% growth last year. From the classroom does not seem to take any action to increase the capacity of financial education, and youth, the growth of money market securities incredible race, young money, has decided to try another kind of interactive education system, educating young adults personal finances. Young challenges the currency made by the participants to question 20, if someone does not know the answer to a question, he or she can simply click the button, "help" and the paragraphs appear. After reading the information, there will be another chance to answer correctly.
After the challenge has been completed, participants can select a currency from the younger partner, partners, such as ShareBuilder, PNC Bank, New York life, Equifax and more favorable list. These incentives have been selected to help change the actual behavior of participants. For example, $ 25 Sharebuilder account or savings account 25 dollars for each person who completed the challenge, to open a new account. Once it was easier to start a savings account deposit into the account and start saving. Thus, young money, not only to educate more interactive, participatory and fun, but also very much hope that the financial behavior.

Tags: Adults, Finance, information, Lacking, Most, NEW YORK, percent, Personal, personal financial literacy, quot, student loan fund, Young